An industry in which there are five firms each accounting for 20 percent of the market has an HHI of 2,000.
Answer the following statement true (T) or false (F)
True
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An increase in the nonborrowed monetary base, everything else held constant, will cause
A) the money supply to fall. B) the money supply to rise. C) no change in the money supply. D) demand deposits to fall.
If you know the number of euros that can be exchanged for one dollar, you can easily figure out the number of dollars needed to obtain one euro by finding the reciprocal of the exchange rate for dollars per euro
a. True b. False
The Institutional Possibilities Frontier measures:
a. productive potential b. the production possibilities frontier c. the tradeoff between private order and dictatorial disorder d. the dictator's opportunity costs e. the tradeoff between private markets and dictatorial orders.
If GDP grew 3% in 1970, 2.2% in 1971 and 2.5% in 1972 then, what is the average annual growth rate over this period?
A) 5% B) 4% C) 2.6% D) -2.2%